Archive for the ‘United States’ Category

A Chocolate Covered Trust Company

Monday, September 12th, 2016

Periodically I look to our neighbours to the south for examples of lessons learned. I found the following example of a Trust situation that was close to going off the rails. The Hershey Company, commonly called Hershey's is the largest chocolate manufacturer in North America. Hershey's was founded by Milton Hershey ...

INCOME FROM A U.S. TRUST: CAN IT EVER BE TREATED AS DIVIDEND INCOME?

Tuesday, June 14th, 2016

Sometime ago, a relative of a Canadian taxpayer died in the US and she left her money in a charitable trust, with some of the income bequeathed to the Canadian taxpayer annually. The trust income is derived mostly from US dividends. With a series of proposed adjustments to her personal tax ...